4.3 C
New York
Saturday, August 20, 2022
HomeNewsBuhari Re-appoints Patience Oniha As DG, DMO

Buhari Re-appoints Patience Oniha As DG, DMO

President Muhammadu Buhari has approved the renewal of the appointment of Patience Oniha as the Director-General of the Debt Management Office (DMO) for a second term of 5 years in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003.

A statement by Garba Shehu, Buhari’s media aide on Thursday, said the renewal takes effect from July 1, 2022.

Her appointment for a second term was based on the significant achievements recorded by the DMO in the last 5 years, under her leadership.

Amongst the achievements are the introduction of Sukuk and Green Bonds to finance the development of infrastructure where there is a huge gap.

Under her watch, as part of the initiatives to improve the sustainability of the public debt and open up avenues for raising long-term funds for corporates, the DMO introduced long-term Bonds with tenors of 30 years in the domestic and international markets.

Advertisements

This is aside from attracting diverse investors including retail investors to the FGN Bond Market.

Internally, Oniha introduced reforms to strengthen the DMO, as a

critical agency in the public finance ecosystem of the country.

Advertisements

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari